Re: Reason for the price increase?

Re: Reason for the price increase?

Their purchase of the polo grounds (Eldorado only, not Empire) has nothing to do with it. That investment will be realized over a future period probably driven by cost savings or other forms of revenue, not solely an increase in ticket prices. Real estate purchases such as that aren't going to be break even either - they will want a return on their investment, not just to internalize a cost, unless the savings will really provide them that substantial of a return. They'll get revenues for that land in other times during the year as well.

Like NC mentioned above, since they haven't raised prices in what, 5 years, they are needing to catch up. Everybody's salaries at GV I'm sure have increased >8% over the last 5 years. So has the cost of goods and other services.

My guess is just an inflationary increase, and not solely an opportunistic or one that is driven by Eldorado.

Re: Reason for the price increase?

True, there's no need to leave money on the table, but they also know that festival goers are fickle and you can't be a greedy fuck in this business. There will come a day that Coachella will be like Friendster.

Re: Reason for the price increase?

Originally Posted by Wonderbot

That totally justifies the extra 9 million, if it's true. Not.

Show me your math. If the ticket prices are $30 higher than the presale prices last year and $13 higher than the regular onsale prices, and they sell, let's say 85,000 tickets each weekend....$30 * 170,000 = $5.1 million. Where the fuck is $9 million coming from? And the fee increases to the city are true. All you have to do is look at the contract.

Drama queens.

Last edited by captncrzy; 05-15-2012 at 12:49 PM.

Originally Posted by RandyInHeaven

Devin - how does it feel to know that there are still more women in the world that would fuck me at this very moment than would fuck you?

Re: Reason for the price increase?

Perhaps that includes the increase in camping prices? Even if it does include that, I don't think you're hitting that 9 million figure. Perhaps I am wrong though and I don't feel like doing the brief math required to figure it out.

Originally Posted by guedita

And to be fair to fikus, violent strangulation is one of his better qualities.

Originally Posted by malcolmjamalawesome

Being dead is literally the only way anyone on the planet could give less of a shit about you. You look like Farrah Fawcett's melted corpse.

Re: Reason for the price increase?

Originally Posted by GuyInTucson

Perhaps that includes the increase in camping prices? Even if it does include that, I don't think you're hitting that 9 million figure. Perhaps I am wrong though and I don't feel like doing the brief math required to figure it out.

Re: Reason for the price increase?

Originally Posted by insbordnat

True, there's no need to leave money on the table, but they also know that festival goers are fickle and you can't be a greedy fuck in this business. There will come a day that Coachella will be like Friendster.

So more of a reason to strike while the iron is hot. When the festival does go south, they can go out with a huge clusterfuck bang like Street Scene did in 2009.